BEARISH DAY !!!

Astro Technical Guide for Monday , 23.02.2010::

Astro Info:: Moon transits in Mrigasira constellation ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::12.00pm; 1.00pm; 3.00pm;

Likely Intraday Trend for 23.02.2010::
On the basis of planetary position and aspects amongst planets , Market is expected to remain subdued / weak and generally remain bearish with occasional pull backs. There can be pull backs during a part of forenoon session and a part of afternoon session. Over all, a volatile day with bearish bias.

Communication stocks may remain better.

Astro Technical Trading Strategy for the day :: Anytime after 1.00pm, if Nifty fut trades below Day’s Average Price by atleast 10 points, short positions can be taken with day high as stop loss and such positions may be closed by end of the day.

Open level is important for intraday trading and intraday short positions are to be taken below Day’s open level only and vice versa.

Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty would be bullish above4865 with resistance around 4895 4920 and bearish below 4845 with supports around 4815, 4790 and 4755 for the day ...
Based on present market movement, Nifty futures would be in Bullishzone above 4890and in Bearish zone below 4875 for Tuesday.

Nifty would become weak only below 4800 and expected to face strong resistance around 4920.

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.

Note :: Intraday trend given above is relative and based purely on the basis of planetary positions and aspects and needs to be understood and applied depending on the market movement. Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is tobe used as an additional tool in addition to technicals and adapteddepending on intraday movements. Creator only knows what is going tohappen and astrologer can only indicate what is likely to happen .
Trade only with stop loss..
Happy Trading..
Dr B Amaranatha Sastry